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Secured Parking Space in South Loop
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1550 S Indiana Ave Unit P31, Chicago, IL 60605

Deeded parking space in a convenient South Loop location.

Property SizeContact for details
Days on Market734

Property Features for 1550 S Indiana Ave Unit P31

General Information

Standard status Active
Property subtype Land/Lot
Listing Agency: @properties Christie's International Real Estate
Listed By: Kevin Baskins
Source: Illianahomesource
Added: Sep 10, 2024 Changed: Sep 9 Last Checked: Sep 12 at 10:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This is a secured deeded off-street parking space located in the heart of the South Loop. The location is convenient to Central Station, Michigan Avenue, Indiana Avenue, and Chicago Transit. Ownership of the parking space is available without residency in the condominium building.

Key Highlights

  • Secured deeded off‑street parking space
  • Located in the heart of the South Loop
  • Convenient to Central Station, Michigan Ave, and Indiana Ave

Property Analytics

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Current Use

United Maintenance Company, ... Employment Agency Dr. Friedl H. ... Physician Rizwan Arayan MD Physician Chicago Sports and Spine Physician US Aviation Travel Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Nursing Home HVAC Service Furniture & Home Goods Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,751
Businesses Nearby
169k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 32% Groceries 30% Hotels & Casinos 20% Shops & Services 18%
Mariano's Groceries
50,480 visits/mo 0.3 miles
Marriott Marquis Chicago Hotels & Casinos
33,862 visits/mo 0.4 miles
White Castle Dining
23,545 visits/mo 0.5 miles
Pizanos Pizza Dining
13,973 visits/mo 0.4 miles
Chase Bank Shops & Services
11,972 visits/mo 0.3 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Deeded parking space in a convenient South Loop location.
Where is this parking lot & garage located?
The property is located at 1550 S Indiana Ave Unit P31 Chicago, IL.
What are key features of this property?
This property features: Secured deeded off‑street parking space; Located in the heart of the South Loop; Convenient to Central Station, Michigan Ave, and Indiana Ave
More about this property
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